Oil & Gas Industry

The Oil & Gas industry

The Indian oil and gas sector is one of the six core industries in India and has very significant forward linkages with the entire economy. India has been growing at a decent rate annually and is committed to accelerate the growth momentum in the years to come. This would translate into India's energy needs growing many times in the years to come. Hence, there is an emphasized need for wider and more intensive exploration for new finds, more efficient and effective recovery, a more rational and optimally balanced global price regime - as against the rather wide upward fluctuations of recent times, and a spirit of equitable common benefit in global energy cooperation. ITP

http://incise-eam.com

Oil & Gas Industry

The Oil & Gas industry is complex, asset-intensive, multi-enterprise series of interconnected supply chains. The Oil & Gas industry has experienced tremendous growth and is a driving engine for the Indian economy. Performance of these companies depends on the performance of critical assets and equipment reliability and safety are top considerations.
The Oil & Gas industry comprises two parts: upstream - the exploration and production. downstream refining, processing, distribution and marketing. Oil & Gas value chain: Oil and gas exploration and production Marine supply, transport and support Oil & gas transportation and distribution Refining Petrochemical Chemicals Asset-intensive companies need to build and operate plants and assets in a reliable, environmentally friendly, safe and cost effective manner. Todays Oil & Gas companies are on a quest for operational excellence - to improve safety, reliability and compliance while controlling costs. Success depends on how well Oil & Gas companies manage physical assets and human capital and leverage operational intelligence, making use of available information to make better and quicker decisions. Indian Oil and gas companies of India Aban Offshore Bharat Petroleum Bongaigaon Refinery and Petrochemicals Limited Castrol India Chennai Petroleum Corporation Limited Essar Energy Essar Oil GAIL Gujarat Gas Company Gujarat State Petroleum Corporation Hindustan Petroleum IBP (merged subsidiary of Indian Oil) Indian Oil Corporation
2

http://incise-eam.com

Oil & Gas Industry

Indraprastha Gas Mahanagar Gas Mangalore Refinery and Petrochemicals Limited Oil and Natural Gas Corporation Oil India Petronet LNG Ratnagiri Gas and Power Reliance Software solution approach for Oil & Gas companies are different since it involves complex procedures and diverse requirements such as asset lifecycle management (ALM), field service, supply-chain management, technical document management, geographical information systems, SCADA integration and other business functionalities. Sensor-based technologies help improve planning and decision support. Hence it is not possible to mold a general software solution, that can integrate and handle these diverse needs. The Oil & Gas companies have run into a real challenge when trying to find Software System capable of effectively managing all of these, even though most of the Oil & Gas companies run different software solution. The distillation of crude oil gives different Products (more than 6,000), such as Petrol, Naphtha, Kerosene, Diesel, Lubricating oil, Fuel oil, Bitumen, sulfur, polymers etc. Key Challenges Paper-based or outdated systems Paper-based processes often lead to inaccurate and incomplete maintenance records. This can result in increased break-downs. Most organizations are having manual and outdated process, lack of documentation. Lack of visibility to make any operational changes poses a huge risk at high cost. Asset tracking Since Oil & gas industry locations are geographically dispersed, asset tracking can be a highly labor-intensive and costly. Also spare-part availability and inventory accuracy are critical. HSE- Health, safety and environment: Oil & gas industry require special measures to ensure employee safety. Technicians perform maintenance and operational tasks in hazardous environments such as isolated machine rooms, gas
3

http://incise-eam.com

Oil & Gas Industry

vessel rooms and other areas. With assets and systems for information sharing, intelligence and collaboration, enterprises can identify risk and prevent hazards. Aging workforce Organizations needs to prepare by capturing the knowledge and building that knowledge into automate, online web based business process that can leverage everyone in the organization like operating procedures, equipment lifecycle documentations, maintenance procedure guides etc. Cost Optimization Customer service is a top priority for any business to continue. Higher equipment availability, OEE and lower MDT are of primary importance. SCM Enterprise-wide optimization span a large spectrum in the Oil & Gas supply chain, from purchasing of the raw materials, equipments, spare-parts through the manufacturing to the distribution and sales.

Acquiring real-time equipment status helps in proactively acting on equipment conditions, which helps in increased OEE, improved asset health and availability. Oil & gas companies need to take a holistic approach to asset optimization to have the right information at all levels of the organization in order to make quick and accurate decisions. Online analytics could be used to improve uptime, efficiency, and throughput. At the enterprise level, executives should relate production to the larger business context and understand the impact of fluctuating costs, changing market conditions, and asset performance.

http://incise-eam.com

Oil & Gas Industry

It is vital to provide support for Oil & Gas industry, on complex and evolving issues for better visibility, control and automation which is necessary to capture valuable knowledge, improve operational efficiency and manage mission-critical assets safely and productively. Better equipments, processes and integrated software solutions can help Oil & Gas companies strive for operational excellence providing a competitive advantage.

http://incise-eam.com